IBM Confirms Acquisition of Texas Memory Systems
Financial terms not disclosed
This is a Press Release edited by StorageNewsletter.com on October 2, 2012 at 3:03 pmIBM Corp. has completed its acquisition of Texas Memory Systems, Inc. (TMS), a privately-held company based in Houston, TX.
IBM announced on August 16, 2012, that it had signed a definitive agreement to acquire TMS, a leading developer of high-performance flash memory solutions.
Founded in 1978, TMS designs and sells solid state memory solutions as the RamSan family of shared rackmount systems and PCIe cards. The products are designed to help companies improve system performance and reduce such critical issues in the data center as server sprawl, power consumption, cooling, and floor space requirements.
"Flash technology is a game changer for our clients and IBM is committed to delivering industry-leading Flash-optimized capabilities as a cornerstone of our Smarter Storage strategy," said Brian Truskowski, GM, IBM System Storage and Networking. "The TMS solutions extend our broad portfolio of Flash-optimized storage arrays and flash optimization software, providing our clients unmatched value."
IDC estimates the amount of solid state storage solutions being shipped into the enterprise will grow significantly, reaching nearly 3EB by 2016.
TMS will be integrated into IBM Systems and Technology Group.